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Energy Tomorrow is brought to you by the American Petroleum Institute (API), which is the only national trade association that represents all aspects of America's oil and natural gas industry. Our more than 500 corporate members, from the largest major oil company to the smallest of independents, come from all segments of the industry. They are producers, refiners, suppliers, pipeline operators and marine transporters, as well as service and supply companies that support all segments of the industry.

With the approval of federal and state regulators, the Trans-Alaska Pipeline (TAPS) has been restarted at a reduced rate of flow. Rather than transporting about 640,000 barrels of oil a day from Prudhoe Bay to the port at Valdez, Alaska, the pipeline is moving about 400,000 barrels per day. At Valdez, the oil flows into storage tanks for loading onto tankers bound for West Coast refineries.

No oil is flowing through the Trans-Alaskan Pipeline for the fourth day today as workers construct a bypass around a leaking pipe at Pump Station 1. The leak was discovered in a secondary line which is encased in concrete below the pumping station on Saturday. Oil was discovered flowing into the basement where the line passes through a wall. Siphoning trucks have recovered about 18 barrels of oil from the basement as oil remaining in the line continues to leak.

Battle lines are being drawn over the labels that are supposed to be affixed to gasoline pumps dispensing E15. This fuel blend, which consists of 85 percent gasoline and 15 percent ethanol, has been authorized by the Environmental Protection Agency (EPA) for use in 2007 and newer model vehicles despite the fact that it appears to be capable of harming some engines and dispensing equipment.

"Stronger fuel demand tells us a recovery is underway." Those are the words of API's Chief Economist John Felmy today, describing the good news in API's Monthly Statistical Report for November. The report shows that U.S. petroleum deliveries (a measure of demand) climbed 6.5 percent last month over November 2009. The increase was the largest year-to-year increase for any month in 2010.

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Energy Tomorrow is a project of the American Petroleum Institute – the only national trade association that represents all aspects of America’s oil and natural gas industry – speaking for the industry to the public, Congress and the Executive Branch, state governments and the media.